Trading Cryptocurrency Find Support and Resistance using Bitcoin Trading Pivot Points

How to Find Support & Resistance using Pivot Points Explained

Traders wanting to trade using bitcoin support and resistance levels can use bitcoin Pivot Points indicator which is used by bitcoin technical traders to calculate Resistance Levels as well as Support Levels for the bitcoin trading price.

Bitcoin Pivot points will calculate 3 Support Levels below the current bitcoin trading price and 3 Resistance Levels above the current bitcoin trading price.

Traders can use bitcoin Pivot Points indicator to find where these Support and Resistance Levels are - and then use these Support and Resistance Levels to open their cryptocurrency trades or close their cryptocurrency trades depending on the cryptocurrency signals generated by their cryptocurrency trading system.

The pivot-points indicator is made up of a central pivot which is surrounded by Three resistance areas above & Three support areas below

Resistance Level 3

Resistance Level 2

Resistance Level 1

Pivot Point

Support Level 1

Support Level 2

Support Level 3

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Support Levels using Pivot Points

Support Levels in Pivot Points are used to generate buy bitcoin trading signals

Buy bitcoin signal - when bitcoin price moves down towards one of the pivot points support area, then touches the support zone or moves slightly through the support zone then quickly reverses and moves upwards.

Resistance Levels using Pivot Points

Resistance Levels in Pivot Points are used to generate sell bitcoin trading signals

Sell bitcoin signal - when bitcoin price moves up towards one of the pivot points resistance area, then touches the resistance zone or moves slightly through the resistance zone then quickly reverses and moves downwards.

Support Levels in Pivot Points are used to generate buy bitcoin trading signals - Resistance Levels in Pivot Points are used to generate sell bitcoin trading signals

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